Leaving BNY Website

 

You are leaving the BNY Mellon's Depositary Receipts' Website.
Linked sites are not under the control of The Bank of New York Mellon Corporation or any of its subsidiaries or affiliates (together, the "Company") and the Company is not responsible for the content of any linked site or any link contained in a linked site. If you choose to link to a website not controlled by the Company, you do so entirely at your own risk and the Company makes no warranties, either express or implied, concerning the content of such site, including the accuracy, completeness, reliability or suitability thereof for any particular purpose, nor does the Company warrant that such site or content is free from any claims of copyright, trademark or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. The Company does not guarantee the authenticity of documents on the Internet. Links to other sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information or services offered at such sites, or any representation regarding the content at such sites. The Company reserves the right to terminate any link at any time.

Do you wish to continue to the linked site on these terms?

Stay On Page
Leave Page

© 2025 The Bank of New York Mellon Corporation

Depositary Receipt business and services are conducted through The Bank of New York Mellon.

BNY - DR Legal Disclaimer
  

To learn more about DRs, please contact DRBrokerSolutions@bny.com.

 

The information and data provided herein are provided for general informational purposes only.  BNY does not warrant or guarantee the accuracy, timeliness or completeness of any such information or data.  BNY does not undertake any obligation to update or amend any information or data, and may change, update or amend any information or data at any time without prior notice.

 

BNY provides no advice, recommendation or endorsement with respect to any company or securities.  No information or data is intended to provide legal, tax, accounting, investment, financial, trading or other advice on any matter, and is not to be used as such.  We expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon any information or data, including market value loss on the sale or purchase of securities or other instruments or obligations.

 

Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

 

BNY collects fees from DR holders pursuant to the terms and conditions of the DRs and any deposit agreement under which they are issued.  From time to time, BNY may make payments to an issuer to reimburse and/or share revenue from the fees collected from DR holders, or waive fees and expenses to an issuer for services provided, generally related to costs and expenses arising out of establishment and maintenance of the DR program.  BNY may pay a rebate to brokers in connection with unsponsored DR issuances; brokers may or may not disclose or pass back some or all of such rebate to the DR investor.  BNY may also use brokers, dealers or other service providers that are affiliates and that may earn or share fees and commissions.

 

BNY may execute DR foreign currency transactions itself or through its affiliates, or the Custodian or the underlying Company may execute foreign currency transactions and pay US dollars to BNY.  In those instances where it executes DR foreign currency transactions itself or through its affiliates, BNY acts as principal counterparty and not as agent, advisor, broker or fiduciary.  In such cases, BNY  has no obligation to obtain the most favorable exchange rate, makes no representation that the rate is a favorable rate and will not be liable for any direct or indirect losses associated with the rate. BNY earns and retains revenue on its executed foreign currency transactions based on, among other things, the difference between the rate it assigns to the transaction and the rate that it pays and receives for purchases and sales of currencies when buying or selling foreign currency for its own account.  The methodology used by BNY to determine DR conversion rates is available to registered Owners upon request or can be accessed here.  In those instances where BNY's Custodian executes DR foreign currency transactions, the Custodian has no obligation to obtain the most favorable exchange rate or that the method by which the rate will be determined will be the most favorable rate, and BNY makes no representation that the rate is a favorable rate and will not be liable for any direct or indirect losses associated with the rate.  In certain instances, BNY may receive dividends and other distributions from an issuer of securities underlying DRs in U.S. dollars rather than in a foreign currency.  In such cases, BNY will not engage in or be responsible for any foreign currency transactions and it makes no representation that the rate obtained by an issuer is a favorable rate and it will not be liable for any direct or indirect losses associated with the rate.

 

BNY is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.  BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

 

BNY's name, brand and/or trademarks may not be used, copied or reproduced without the prior express written consent of BNY.

 

DEPOSITARY RECEIPTS ARE NOT INSURED BY THE FDIC OR ANY OTHER GOVERNMENT AGENCY, ARE NOT DEPOSITS OR OTHER OBLIGATIONS OF, AND ARE NOT GUARANTEED BY, BNY AND ARE SUBJECT TO INVESTMENT RISKS INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED.

 

Please also see "Terms of Use."

ACCEPT

Please enable cookies in your browser if you wish to proceed.

Regulation S Disclaimer

 

Access To This Company Profile Is Restricted To Non-U.S. Persons Outside The United States Within The Meaning Of Regulation S Under The U.S. Securities Act Of 1933, As Amended (The "Securities Act").1

 

This company profile does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction or under any circumstances in which such offer or solicitation is unlawful.

 

Each person accessing this company profile, by so doing, will be deemed to have acknowledged that: (1) It is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) Any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities.

 

If you agree with and accept the foregoing and the Terms of use governing this site, please select "Accept" below. Otherwise, press "Decline" to return to the previous page.

 

1 As defined in the Securities Act, the term "U.S Person" means: (1) any natural person resident in the United States; (2) any partnership or corporation organized or incorporated under the laws of the United States; (3) any estate of which any executor or administrator is a U.S. person; (4) any trust of which any trustee is a U.S. person; (5) any agency or branch of a foreign entity located in the United States; (6) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (8) any partnership or corporation if: (A) organized or incorporated under the laws of any foreign jurisdiction; and (B) formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a)) who are not natural persons, estates or trusts.

I Accept Decline

© 2024 The Bank of New York Mellon Corporation
Depositary Receipt business and services are conducted through The Bank of New York Mellon.

Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 (0.74%) to 10048.21, DAX +0.92% to 25122.26, CAC40 (0.04%) to 8233.92, STOXX 600 (0.05%) to 604.99

Jan 07 ,2026

  • Synopsis:

    • European indices ended mostly lower - UK underperforms after notable outperformance in prior session - whilst Germany, Italy are exceptions to the softer trend. Follows broad strength on Tuesday. Real estate, industrials and constructions best performers; energy, personal/household goods, insurance and banks lag.

    • In geopolitics, EU attention on White House announcement that Trump discussing options to acquire Greenland. Follows statement by European leaders urging US to respect sovereignty of island. Added Artic security a top priority for Nato. Meanwhile, UK and France agree to deploy forces in Ukraine in the event of a peace deal amid reports US committed to supporting multinational Ukraine defense force if Russia were to attack again and would lead efforts in monitoring a ceasefire. Recall that Russia has pushed back against idea of foreign troop deployment in the country.

    • Elsewhere, Bloomberg cited French Finance Minister Lescure, who said the 2026 deficit could exceed 5.4% after parliament failed to adopt a 2026 budget bill late last year. Highlighted that it needs to find a way to bring deficit below 5%.

    • On the macro front, Eurozone inflation eases back to ECB's 2% target versus prior 2.1% in December, in line with expectations. Core CPI at 2.3% versus 2.4% forecast and prior 2.4%, while services prices at 3.4% versus 3.5% in November. Softer Eurozone reading came after easing in inflation rates in Germany, France and Spain, while Italy's reading slightly firmer at 1.2% versus 1.1%. Supports ECB's steady hand. Market expects ECB to leave policy unchanged throughout 2026 and anticipates rate hike in March 2027 the earliest. German labor market deteriorates in December and retail sales unexpectedly dips in late 2025. French consumer confidence edges up as expected. Construction PMIs remain weak in euro area and UK.

    • In corporate news, Lerøy Seafood Group (LSEG.NO) and Salmar (SALM.NO) released Q4 harvest volumes, whilst Nordnet (SAVE.SS) and Avanza Bank Holding (AZA.SS) issued December statistics. In Germany, Redcare Pharmacy (RDC.GR) reported preliminary Q4 numbers.

    • In M&A, Reuters reported that Thyssenkrupp and Jindal Steel are considering several options for the sale of TKSE, with one of the options being Jindal taking a majority stake, likely 60%, in TKSE, and the remaining 40% later in one or two tranches. In France, Covivio (COV.FP) and Blue Owl Capital announce a €503M strategic partnership to share Thales (HO.FP) sites in Vélizy.

    • Looking ahead to tomorrow's EU econ-calendar, notable releases will include, amongst others, Germany Nov factory orders, industrial production, France Nov trade balance, Italy Nov unemployment rate, Eurozone Dec economic sentiment indicator, Nov PPI, unemployment rate, Switzerland Dec CPI and UK Dec house price index - Halifax.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Real Estate +2.99%, Ind Goods & Svcs +2.07%, Construct & Mtls +1.67%, Utilities +1.19%, Retail +1.05%, Health Care +1.02%, Telecom +0.75%, Technology +0.71%

      • Underperformers:

        • Oil & Gas (2.06%), Persnl & HHold Goods (2.06%), Insurance (1.77%), Banks (1.75%), Media (1.46%), Food & Beverage (1.33%), Chemicals (1.09%), Basic Resources (0.83%), Autos & Parts (0.71%), Travel & Leisure (0.36%), Financial Svcs (0.27%)

    • Macro:

      • Central banks:

        • The Year Of The Fire Horse: The Year That Central Bankers Become Largely Irrelevant -- Forbes

      • EU:

        • EU reveals weak hand as Trump raids Venezuela and threatens Greenland -- Guardian

        • European allies working on plan should US move on Greenland -- Reuters

        • EU-Mercosur Trade Deal Heads to the Finish Line -- Bloomberg

      • UK:

        • Will Keir Starmer's 'EU reset' deliver in 2026? -- Instituteforgovernment

        • MPs will vote on any deployment of UK troops to Ukraine, says Keir Starmer -- FT

      • Germany:

        • Germany Becomes Ukraine's Top Military Backer With Major Arms Pipeline Through 2026 -- United24Media

        • Bunds Rally as Weak Economic Data Outweigh German Bond Surge -- Bloomberg

        • German unemployment rises to highest in 12 years with challenging 2026 ahead -- Reuters

      • France:

        • France mounts bid to exempt fertilisers from EU carbon border levy, document shows -- Reuters

        • EU-Mercosur deal: France's diplomatic gamble falls short -- LeMonde

      • Italy:

        • Italy's quiet imprint on the "Coalition of the Willing" talks -- decode39

        • Italy demands to exempt fertilizers from tariffs, EU carbon border levy -- Reuters

    • Company news:

      • Notable Gainers

        • +15.2% ALHGR.FP (Hoffmann Green Cement Technologies €4.46, +0.63) -- FY production volume update

        • +12.2% ORRON.SS (Orrön Energy SEK5.05, +0.55) -- projects in the UK and Germany with estimated combined capacity of 3.0+ GW

        • +10.3% EXA.FP (Exail Technologies €102.40, +9.80) -- two contracts

        • +8.9% EVT.GR (Evotec €6.05, +0.51) -- portfolio company Dark Blue Therapeutics acquired by Amgen

        • +8.3% HO.FP (Thales €254.20, +20.60) -- sale of site in Vélizy to Covivio-Blue Owl Capital JV

        • +6.8% TKA.GR (ThyssenKrupp €9.92, +0.65) -- ThyssenKrupp considering selling TKSE in several stages - Reuters

        • +5.4% IG.IM (Italgas €10.53, +0.53) -- Snam offering €500M green bond convertible into Italgas shares

        • +4.9% RWS.LN (RWS Holdings £0.92, +0.04) -- Shore Capital Stockbrokers upgrade

        • +4.7% NDX1.GR (Nordex €32.64, +1.48) -- 414 MW orders

        • +4.5% MT.NA (ArcelorMittal €40.71, +1.78) -- Morgan Stanley upgrade

        • +4.3% ATCO.A.SS (Atlas Copco SEK180.65, +7.35) -- acquires Air Compressor Works; Bernstein upgrade

        • +4.1% NCC.B.SS (NCC SEK230.20, +9.20) -- SEK 160M asphalt order

        • +3.7% WAWI.NO (Wallenius Wilhelmsen NOK101.40, +3.70) -- contract

        • +3.7% NOKIA.FH (Nokia €5.66, +0.20) -- Kepler Cheuvreux upgrade

        • +3.6% NET.LN (Netcall £1.14, +0.04) -- £3.0M multi-year cloud contract

        • +3.5% SIE.GR (Siemens AG €253.55, +8.70) -- Siemens eyeing acquisitions in AI, life sciences and operations software - Bloomberg; expand partnership with NVIDIA to build industrial AI operating system

        • +3.5% SKA.B.SS (Skanska SEK266.00, +9.10) -- sells residential- and hotel project in Copenhagen to Urban Partners for DKK 608M

        • +3.5% GPE.LN (Great Portland Estates £3.17, +0.11) -- acquires new 155 year long leasehold interest in 10 South Crescent, WC1 for £51M

        • +3.0% LHA.GR (Deutsche Lufthansa €9.08, +0.26) -- Morgan Stanley upgrade

        • +2.9% FNM.SS (Ferronordic SEK44.55, +1.25) -- acquires Volvo Construction Equipment dealer Housby Heavy Equipment in Iowa for ~$17M

        • +2.8% VOD.LN (Vodafone Group £1.03, +0.03) -- Berenberg upgrade

        • +2.5% SRG.IM (Snam €5.74, +0.14) -- Snam offering €500M green bond convertible into Italgas shares

        • +1.9% GLJ.GR (GRENKE €15.64, +0.30) -- FY leasing new business

        • +0.9% SGO.FP (Compagnie de Saint-Gobain €83.52, +0.78) -- to delist from the London Stock Exchange

      • Notable Decliners

        • -6.4% RDC.GR (Redcare Pharmacy €65.25, -4.60) -- prleim. Q4 revenue

        • -5.7% NORION.SS (Norion Bank SEK66.60, -3.90) -- acquires additional shares in Consensus Asset Management

        • -5.6% NAS.NO (Norwegian Air Shuttle NOK16.90, -0.98) -- December traffic

        • -4.3% NWG.LN (NatWest Group £6.44, -0.28) -- Barclays downgrade

        • -3.2% AZA.SS (Avanza Bank Holding SEK334.30, -10.90) -- Dec preliminary net inflow

        • -2.3% ADXN.SW (Addex Therapeutics CHF0.06, -0.00) -- Neurosterix starts a Phase 1 clinical study with NTX-253 for Schizophrenia

        • -2.1% KRX.ID (Kingspan Group €69.15, -1.55) -- to retain 100% ownership of ADVNSYS

        • -2.0% TUI1.GR (TUI Group €9.03, -0.18) -- Peel Hunt downgrade

        • -1.1% PIRC.IM (Pirelli & C. €6.28, -0.07) -- Pirelli, Italy seeking fresh solutions for ending Sinochem's involvement in the company amid US ban on Chinese-backed car software and hardware - FT

    • EU companies reporting tomorrow:

      • Trading Statement:

        • France: Sodexo (SW.FP), OVHCloud (OVH.FP), GenSight Biologics (SIGHT.FP)

        • UK: Tesco (TSCO.LN), Greggs (GRG.LN), Marks & Spencer (MKS.LN)

  • Data:

    • Economics:

      • Eurozone Dec Preliminary CPI +2.0% y/y vs consensus +2.0% and prior +2.1%

      • Italy Dec Preliminary CPI +1.2% y/y vs consensus +1.1% and prior +1.1%

      • UK Dec Construction PMI 40.1 vs consensus 42.5 and prior 39.4

      • Germany

        • Nov Retail Sales +1.1% y/y vs consensus +1.2% and prior revised +1.6% from +0.9%

        • Dec

          • Unemployment Change +3K vs consensus +5K and prior +1K

          • Unemployment Rate 6.3% vs consensus 6.3% and prior 6.3%

          • Construction PMI 50.3 vs consensus 47.0 and prior 45.2

      • France Dec Consumer Confidence 90 vs consensus 90 and prior 89

      • Portugal Nov Unemployment Rate 5.7% vs consensus 5.9% and prior revised 5.8% from 5.9%

      • Ireland Dec Unemployment Rate 5.0% vs consensus 4.8% and prior revised 5.0% from 4.9%

      • Austria Dec preliminary CPI +3.8% y/y vs consensus +3.8% and prior +4.0%

      • Sweden Dec Services PMI 56.7 vs consensus 58.0 and prior revised 59.2 from 59.1

      • Finland Dec Preliminary HICP +1.8% y/y vs consensus +1.6% and prior +1.5%

      • Netherlands Dec Preliminary CPI +2.8% y/y vs consensus +2.9% and prior +2.9%

    • Markets:

      • WTI Crude (26-Feb): ($0.68) or (1.19%) to $56.45

      • €-$ (0.0003) or (0.03%) to 1.1687

      • £-$ (0.0029) or (0.21%) to 1.3472

      • €-£ +0.0016 to 0.8675

      • S&P 500 +0.11%

      • Performance year-to-date:

        • FTSE 100: +1.18%

        • DAX: +2.58%

        • CAC: +1.04%

        • MIB: +1.37%

        • Stoxx 600: +2.16%

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
Please refer to "Terms Of Use".

DEPOSITARY RECEIPTS:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE